Tungsten Market Forecast in the Second Half of 2017

In the second half of 2017, tungsten market is still visional. Tungsten concentrate price reaches to RMB 80,000/ton at the end of June, tungsten price cost effect will keep going, price property of tungsten is clear. 

Affected by environmental inspection and industry upgrade, some backward enterprises with low producing capacity are eliminated. Under conditons of adequate fund and scarce inventory, there will probably be flowing of fund. National reserve bureau reserves 21000 tons in 2016, whether it will reserve again or not catches our attention.

tungsten powder photo

In a word, tungsten price is always rising and falling, it is hard to maintain stable in the second half of the year. But we believe it will be better than the first half. Cost will determine the low level of price, demand and supply determine the upper limit of price. Current tungsten market needs enterprises to be flexible, manageable, arrange production properly, keep up with the trend. At the same time, the concept of ‘internet plus ‘ shall also be put into practice. Chinatungsten online has been in a long term establishing platform of tungsten big data via internet, it is sure to be the leading flagship of industry.

 

 

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